The price will go up while the quantity available will get smaller. In the example that has been provided, an increase in the pay of coffee-bean pickers will lead to a rise in the price of coffee that is considered to be in equilibrium.
Even though there will be less of a need for labor, there will be more lattes available for purchase. This is despite the fact that the cost of creating lattes will fall. As a consequence of this, the supply curve for latte production moves to the right, which results in a drop in the price of lattes and an increase in the number of lattes that constitutes the equilibrium quantity.
In the scenario that the price of coffee goes down, there will be a leftward change in the demand curve for tea. As a result, the establishment of a new equilibrium would point to a decrease in both the quantity and the price that constitute the equilibrium state.
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Answer:
a. allows trade across country borders without tariffs
Explanation:
The geneve convention was about military rules to protect human rights and i was signed on 1949
While the European Union or Eurozone is a free-trade zone where the factors are free to move cross the members and the union. This, was the EU main goal. To eestimulate trade among the members and create a better monetary policy through the adoption of a single currency (Euro)
Answer:
The taxpayer's normal expected contribution when calculating the refundable tax credit for which the taxpayer may be eligible under the ppaca to purchase a qualified health plan is $57,000.
Explanation:
With an income of $ 600,000, the tax payer is at 350% of the Federal Poverty Level or FPL, so the normal expected contribution is 9.5% of his income.
The normal expected contribution = 9.5% of his income
= 600000*9.5%
= $57,000
Therefore, The taxpayer's normal expected contribution when calculating the refundable tax credit for which the taxpayer may be eligible under the ppaca to purchase a qualified health plan is $57,000.
In addition to white light, power driven vessels which are less than 20 meters must have red and green side lights which are visible from a distance of at least two miles away on a clear dark night. These navigation lights are expected to be displayed between sunset and sunrise and during period of impaired visibility. Power driven vessels refers to sail boats which are operating under engine power.
